Fuel Fix

More oil rigs shut down this week

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Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

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In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

The artsy side of energy (photos)

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Refineries and drilling rigs clean up real nice in energy company photos.
Categories: featured, General
Tesoro-Logo

Tesoro’s profit falls in third quarter

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Weak margins led to a decline in profit for refinery Tesoro Corp. in the quarter ended Sept. 30.

Shell-Logo-323x300

Amnesty International says Shell Nigeria falsely reports spills

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Shell Nigeria said it “firmly rejects unsubstantiated assertions.”
Categories: Africa, Entertainment
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

EOG profit up as crude prices, output increase

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EOG has been remaking itself to focus on oil production.
Categories: Finance/Earnings
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell launches formal bid to resume Arctic drilling

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Shell Oil Co. on Wednesday filed a broad drilling blueprint with federal regulators in Alaska, officially launching its formal bid to resume drilling in Arctic waters north of the state next summer.
Categories: Arctic, Offshore
Discoverer Seven Seas, a Transocean rig.

Transocean profits on increased drilling contracts

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Rig operator Transocean earned $546 million during the third quarter.
(Image: Fotolia)

Oil jumps after government says demand for gasoline rising

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U.S. crude for December delivery gained $1.43 to close at $94.80 a barrel.
Categories: Crude oil